$1 in 1999 is equivalent in purchasing power to about $1.05 in 2000. The dollar had an average inflation rate of 4.53% per year between 1999 and 2000, producing a cumulative price increase of 4.53%. Purchasing power decreased by 4.53% in 2000 compared to 1999. On average, you would have to spend 4.53% more money in 2000 than in 1999 for the same item.

This means that prices in 2000 are 1.05 times higher than average prices since 1999, according to the Bureau of Statistics consumer price index.

The 1999 inflation rate was 1.48%. The inflation rate in 2000 was 4.53%. The 2000 inflation rate is higher compared to the average inflation rate of 2.41% per year between 2000 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2000 was 71.50. It was 68.40 in the previous year, 1999. The difference in CPI between the years is used by the Bureau of Statistics to officially determine inflation.

⌃

Average inflation rate | 4.53% |

Converted amount ($1 base) | $1.05 |

Price difference ($1 base) | $0.05 |

CPI in 1999 | 68.400 |

CPI in 2000 | 71.500 |

Inflation in 1999 | 1.48% |

Inflation in 2000 | 4.53% |

$1 in 1999 | $1.05 in 2000 |

Our calculations use the following inflation rate formula to calculate the change in value between 1999 and 2000:

CPI in 2000
CPI in 1999

×

1999 AUD value

=

2000 AUD value

Then plug in historical CPI values. The Australian CPI was 68.4 in the year 1999 and 71.5 in 2000:

71.568.4

×

$1

=

$1 in 1999 has the same "purchasing power" or "buying power" as $1.05 in 2000.

To get the total inflation rate for the 1 years between 1999 and 2000, we use the following formula:

CPI in 2000 - CPI in 1999CPI in 1999

×

100

=

Plugging in the values to this equation, we get:

71.5 - 68.468.4

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
- 13 killed, 24 injured in the Columbine High School Massacre.
- Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).

You may use the following MLA citation for this page: “Inflation Rate in 2000 | Australia Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Sep. 2021, https://www.officialdata.org/Australia-inflation-rate-in-2000.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Average inflation rate | 4.53% |

Converted amount ($1 base) | $1.05 |

Price difference ($1 base) | $0.05 |

CPI in 1999 | 68.400 |

CPI in 2000 | 71.500 |

Inflation in 1999 | 1.48% |

Inflation in 2000 | 4.53% |

$1 in 1999 | $1.05 in 2000 |